Savvy business leaders know that tax issues accompany nearly every business decision. Facing these issues requires a bold approach, under the guidance of knowledgeable and experienced tax counsel. McGuireWoods’ business tax group provides that guidance. We help clients achieve their business goals by minimizing risks, maximizing after-tax profits and advising them on the day-to-day concerns that affect their business and bottom line.

Our client representation covers the full spectrum of federal, state and local taxes for enterprises ranging from closely held entities to Fortune 500 companies. We work as our clients’ partner — learning and understanding their businesses and industries, while creating relationships that go beyond the issues of the day. We focus on providing advice in connection with today's sophisticated financial transactions, and help clients anticipate tomorrow's challenges.

Represented a venture capital investor in connection with a $20 million Series B venture financing in a company that owns and operates a new digital out of home television network for the McDonald's chain.

Represented a public holding company in the $180 million sale of its subsidiary, a manufacturer and distributor of industrial sewing thread, technical textiles and consumer products, to a private equity firm.

Represented the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide in its $25 million investment in a cathodic atmospheric plasma company, which represented a 20% stake together with a prepayment for a supply agreement.

Representation of one of the world's leading producers of films for pharmaceutical, medical device, food, electronics, and general-purpose thermoform packaging in a stock acquisition of a company that manufactures overlay film converting and adhesive coating for the card industry.

Representation of a portfolio company/private equity firm in the closing of a $77 million credit facility to fund a $52 million dividend to the company's shareholders. The transaction involved a cashless option exercise by the company's employee-option holders.

Represented a private equity firm that manages over $1 billion of capital in an asset purchase between an entity created by the PE firm and a Wisconsin-based lighting company. The newly formed entity provides boxed-in/boxed-out lighting products and other related items through catalog and online sales.

McGuireWoods recently represented Baltimore City in the issuance of approximately $25 million in tax increment financing (TIF) bonds to finance a portion of a $1.8 billion redevelopment project in East Baltimore. (Baltimore City pledged the tax revenues expected to be derived from increases in the taxable value of the property to pay debt service on the TIF bonds.) McGuireWoods helped develop a complicated yet innovative financing structure that leveraged the bond proceeds to create an additional approximately $3.7 million of New Markets Tax Credit equity for the benefit of East Baltimore Development, Inc., a city-created, nonprofit developer.

Representing a pro bono client on behalf of The Community Tax Law Project, a 501(c)(3) organization representing low income taxpayers, we obtained a full concession by the IRS less than one week before a tax case was to be tried in U.S. Tax Court. We established that a father was entitled to a dependency exemption for his son, even though he did not have physical custody for more than half the year.

Representation of a client in connection with the issuance of tracking stock and assisted client in its spin-off of the operating subsidiary under Section 355. The engagement included drafting and review of offering documents and related securities filings, structuring certain terms, and rendering certain tax opinions.

Devised a creative structure for a proposed $650 million joint venture that benefits accelerated depreciation and other tax attributes, while utilizing the tax-exempt partner’s reduced cost of capital. This resulted from our team-oriented approach with tax, corporate and regulatory attorneys.

Representation of a client in connection with the acquisition of a $1.2 billion public company, including preparation of merger agreement, related acquisition documents, tax discussion in offering memoranda, and supporting tax opinions.

Representation of a client in connection with the formation of a partnership and the subsequent acquisition of target assets, and structured $725 million of combined debt and equity capitalization, utilizing various trusts to secure obligations to creditors.